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January 30, 2002 Wednesday Ziqa’ad 15, 1422 Wapda refuses to buy coal from Lakhra Mines ISLAMABAD, Jan 29: Wapda has refused to buy coal from Lakhra Coal Mines Corporation (LCDC) for its 150-mw coal-fired project over pricing and other internal disputes, Wapda sources told Dawn.... Sindh told to clear Wapda dues by Feb 15 ISLAMABAD, Jan 29: A high-level meeting here on Tuesday decided that Sindh government should clear its over Rs4 billion dues to Wapda by February 15, failing which the federal government will... Pakistan-British Group to explore business avenues KARACHI, Jan 29: A Pakistan-British Business Group comprising eight businessmen members has been formed, which held its first meeting here on Tuesday.... Scheme for upgradation of looms by April LAHORE, Jan 29: Small and Medium Enterprise Development Authority (Smeda) will finalize its plan for technological upgradation of powerlooms by April this year by launching a “Programme Financing Scheme” for the... Govt to buy 0.2m tons sugar from mills KARACHI, Jan 29: The government has agreed in principle to purchase around 200,000 tons of white refined sugar from mills for which the Trading Corporation of Pakistan would be asked to... WEF annual meeting begins tomorrow NEW YORK, Jan 29: Over 3,000 world leaders from business, governments, academia, religion, the media and civil society would meet in New York City at the World Economic Forum’s (WEF) annual... Bestway Cement KARACHI, Jan 29: Bestway Cement Limited has called an Extraordinary general meeting of the members on Thursday, January 31. The one point agenda is to seek shareholders approval for investment in... PSO supply to Wapda picks up KARACHI, Jan 29: Pakistan State Oil has regained its 100 per cent fuel oil supplies to the Water and Power Development Authority (Wapda) at competitive rates.... Bulls in driving seat as index crosses 1,580 points KARACHI, Jan 29: The KSE 100-share index on Tuesday soared to two-year high level of 1,580 points powered by massive buying in PTCL and Hub-Power as bulls completely routed the bears,... SBP cuts export refinance rate KARACHI, Jan 29: The State Bank of Pakistan on Tuesday reduced the rate of export refinance under Export Finance Scheme to 7 per cent, effective from February 1.... NWFP recovers only 21pc farm IT PESHAWAR, Jan 29: In line with the previous financial years, NWFP continued to record dismal performance under the agriculture income tax head as the provincial tax collection authorities could recover only... ICAP holds seminar on draft cos ordinance KARACHI, Jan 29: A seminar to discuss the Draft Companies (Amendment) Ordinance, 2001 was held at the Institute of Chartered Accountants of Pakistan (ICAP) on Thursday, where Badruddin F. Vellani, a... Ginners lower prices to lure buyers KARACHI, Jan 29: Spinners were back in the cotton market on Tuesday after ginners further lowered their asking prices to get out of the impasse of larger unsold stocks.... Aptma against interference in cotton market KARACHI, Jan 29: All Pakistan Textile Mills Association (Aptma) chairman Nadeem Maqbool on Tuesday urged the government to desist from any interference in the cotton market and let the free market... Karachi Port operations KARACHI, Jan 29: Three ships carrying containers and general cargo